Annual Report 2024 1 7 2 Group Note 2024 2023 US$’000 US$’000 Cash flows from operating activities Loss after tax (50,204) (69,362) Adjustments for: Impairment loss on exploration and evaluation assets 3, 25 378 19,544 Bargain purchase on acquisition of oil and gas licences 4, 27 (2,130) – Depletion of oil and gas properties 4, 27 97,931 75,116 Impairment loss on oil and gas properties 4, 25 41,421 11,786 Write-off of oil and gas properties 4, 27 – 1,423 Amortisation of intangible assets 5, 27 1,598 865 Impairment of goodwill 5, 25 7,764 21,856 Depreciation of property, plant and equipment 6, 27 1,050 1,170 Loss on disposal of property, plant and equipment 27 – 7 Write-off of property, plant and equipment 6, 27 – 8 Gain on disposal of jointly controlled entity 27, 31(ii) (1,095) – Net gain on disposal of subsidiaries 27 (88) – Gain on derecognition of lease (36) – Net finance expense 19,040 20,175 Share of loss of equity-accounted investees, net of tax 9 1,572 577 Change in fair value of derivative financial instruments 333 – Change in fair value of quoted investments 27 (328) (1,695) (Gain)/ Loss on disposal of quoted investments 27 (195) 766 Operating cash flows before movements in working capital 117,011 82,236 Changes in: - Inventories 1,730 (19,207) - Trade and other receivables, and contract assets (17,404) (25,598) - Trade and other payables, and contract liabilities (17,527) (52,946) - Income taxes 30,701 12,667 - Restricted bank deposits (208) 28 Cash generated from/ (used in) operations 114,303 (2,820) (Tax paid)/ tax refund (29,804) 54,830 Net cash from operating activities 84,499 52,010 The accompanying notes form an integral part of these financial statements. CONSOLIDATED STATEMENT OF CASH FLOWS Year ended 31 December 2024
RkJQdWJsaXNoZXIy NTM2MDQ5